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| This is Israel's biggest trade deal with any Arab state |
Following the signing of a free trade agreement between the UAE and Israel on Tuesday, the trade volume between the two countries is expected to exceed ارب 2 billion this year.
According to Arab News, this is Israel's largest trade agreement with any Arab state.
And both countries in the Middle East have pledged to increase trade.
The agreement was signed by Israeli Minister of Economy and Industry Orna Barbeva and her UAE counterpart, Minister of Economy Abdullah bin Touk al-Murri, after months of negotiations.
In response to a previous tweet, "Israel and the UAE will sign a free trade agreement," Dorian Barak, co-founder of the UAE-Israel Business Council, said: Will increase.
"The two countries will further enhance cooperation in the areas of renewable goods, consumer goods, tourism and life sciences," he said.
Dubai is fast becoming a hub for Israeli companies, with almost a Thousands of Israeli companies will be operating in or through the UAE, and this is unprecedented.
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